Sabic, Signs MoU to Upgrade Tacoil
Sabic has recently signed a memorandum of understanding (MOU) with UK-based Plastic Energy, a pioneer in chemical plastics recycling, for the supply of feedstock to support Sabic's petrochemical operations in Europe. Sabic and Plastic Energy intend to build a commercial plant in the Netherlands to refine and upgrade a valuable feedstock, known as Tacoil, a patented Plastic Energy product, which will be produced from the recycling of low quality, mixed plastic waste otherwise destined for incineration, or landfill. The plant, anticipated to enter commercial production in 2021, is a significant milestone for Sabic towards the company's commitment to establishing a circular economy and, more broadly, its sustainability goals. Plastic Energy has successfully commercialised a patented thermochemical conversion technology to convert a wide range of end-of-life, dirty and contaminated plastics, hardly recyclable for conventional processes, into useable feedstock.